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If you transfer wealth from the rich (who mostly use money to invest in assets) and transfer it to the poor (who mostly use money to buy consumer goods), wouldn
by aidenn0 4y ago
If you transfer wealth from the rich (who mostly use money to invest in assets) and transfer it to the poor (who mostly use money to buy consumer goods), wouldn't that naturally reduce asset values while increasing prices of consumer goods?
- bryanlarsen 4y agoPerhaps, but the IRA doesn't do that, unless the poor are suddenly buying electric cars and wind turbines. Also remember the time impact. Taxes went up immediately, whereas the bulk of the IRA rebates will happen in a few years.